Mayfair FX - Blog Post 12

The 5 Most Popular Currencies in the UK

10:00 06 October in FX

An overview of the Currencies used by Importers & Exporters outside of the European Union.

The latest trade statistics shows the most popular currency for UK Imports outside of the EU continues to be the US Dollar (USD) with Pound Sterling (GBP) following in a low second place. The tables are turned when it comes to UK Exports outside of the EU, with GBP being the more dominant currency followed closely by the USD.

The 5 Most Popular Currencies in the UK are as follows:

  • Pound Sterling (£ GBP)
  • USD Dollar ($ US)
  • Euro (€)
  • Canadian Dollar (CAD)
  • Japanese Yen (¥)

Although there are many other currencies in the world that are also used for import & export, they are relatively insignificant individually (hence they have been grouped together).

Most Popular UK Import Currencies

Most Popular UK Import Currencies

Source: HM Revenue & Customs Overseas Trade Statistics

 

Most Popular UK Export Currencies

Most Popular UK Export Currencies

Source: HM Revenue & Customs Overseas Trade Statistics

 

Hopefully the above gives you a quick snapshot of the most important currencies in the UK and is useful when making decisions about International Payments or Sending money abroad.

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